Nynas reports third quarter 2015
Nynas sales volumes increased for Bitumen and Naphthenics combined by 6 percent. Oil prices were 50 percent lower explaining Nynas’ net sales decrease to SEK 4,992 million (7,019) for the third quarter of 2015.
“Bitumen sales were strong in all countries and Naphthenics sales grew overall despite the slowdown of economic growth in Asia and volume losses in Brazil as well as in Russia and Ukraine for known reasons,” commented Gert Wendroth, President and CEO of Nynas AB.
THIRD QUARTER SUMMARY
- Total sales volumes increased by 6 percent for comparable units.
- Net sales decreased to SEK 4,992 million (7,019) as a consequence of 50 percent lower oil prices compared to last year.
- Operating result before depreciation (EBITDA) excluding non-recurring items amounted to SEK 726 million (515).
- Strong seasonal cash flow from operations.
For further information please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
The information is submitted for publication on 13 November 08:00 CET.
Nynas is a different kind of oil company
Our business is specialised oil applications – we use oil to create sustainable value. Within our field of specialisation, we’re a world leader. We have 950 employees; we maintain production facilities in Europe and South America and have offices in more than 30 countries. All this generates approximately € 2.2 billion in turnover. We collaborate with our customers to continuously improve their products and processes through the unique properties of our specialty oils. That’s what we call – Taking oil further.